Bank of America Receives Approval for 265,500 SBA Paycheck Protection Program Loans to Date for Small Businesses
May 14, 2020
Bank of America announced today that it has received Small Business Administration (SBA) loan approvals for 265,500 small businesses under the SBA’s Paycheck Protection Program (PPP). This represents $24.9 billion in needed relief for small businesses. More than 256,000 of these small businesses have received a loan number since the SBA reopened the PPP funding on April 27.